The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Saturday, May 3, 2014

free charts

Just a quick outline of setting up the charts you see in this blog on a free website.
Go over to www.freestockcharts.com and set up the price chart however you like.  To get you to what you see below, I selected "View" - Show Full Screen Chart.
Then I selected (on the chart) "Settings" - "Back Color" to White
Also under "Settings" - Plot Style - Candlestick.  "Color Based on" - Open vs. Close (or whatever you prefer) and both "Up Bars" and "Down Bars" selected as "Filled"

Then click "Add Indicator" and select 'MACD'.


You're then going to "Edit" from the drop-down options

Change the following:
"Plot Style" -> Histogram
Change the "Plot Color" if you would like
Select "Negative Value Color" (Optional)
Change "Short" to 3
Change "Long" to 10
For "Average Type" select "Simple"
You're left with the following:

Next Change the Slow Line.  Select the drop-box next to "Exp Moving Average 9" and Edit
Change "Period" to 16
"Average Type" to Simple
Increase Line width to it's fullest
You're left with the following

This gives you the basic 3/10macd

If you would like to add a time frame three times higher (as your "traded" time frame) you would do that one first (as outlined above) and use the settings of  6, 27, 48.
Add some Moving Averages and you're left with the following chart (I used the 20- & 50-SMA, alternatively, to reflect the higher traded time frame, you could use a 60- 150-MA):

The chart above is a Daily chart.  But it is actually your "trigger" chart.  The longer length macd (top most indicator) reflects what the 3/10macd looks like on a time frame that is three times (3x) slower, which would be your "traded" time frame.  You would then use the lower most 3/10macd as the trigger for your setups.

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